$RKT Is this a good thing... Rocket Companies' (NYSE:RKT) quiet period will expire on Tuesday, September 15th. Rocket Companies had issued 100,000,000 shares in its initial public offering on August 6th. The total size of the offering was $1,800,000,000 based on an initial share price of $18.00. During the company's quiet period, underwriters and any insiders that worked on the IPO are prevented from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company's quiet period, it's expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.
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